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Jan 2, 2013
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cliff. we heard tonight already mike eman yell and ed henry talk about this legislation that passed the senate overwhelmingly and some of the sticking points that the house conservatives have had throughout the day. now, white house correspondent wendel goeller takes an in depth look. >> the bill as amended is passed. >> the senate deal passed with overwhelming bipartisan support, extending the bush era tax cuts for families making less than $450,000 a year and making the lower rates permanent, something former president bush was unable to do because he wasn't able to get two thirds of the stat to go along. that part most republicans are happy with. >> makes some things permanent in the estate fax area and permanent fix to the amt. there are some actual things we like about it. >> the deal saves 30 million people from having to pay the alternative minimum tax by indexing it to inflation. it raises the death tax but the payroll tax will go back to 6.2% an increase willle cost a worker making
cliff. we heard tonight already mike eman yell and ed henry talk about this legislation that passed the senate overwhelmingly and some of the sticking points that the house conservatives have had throughout the day. now, white house correspondent wendel goeller takes an in depth look. >> the bill as amended is passed. >> the senate deal passed with overwhelming bipartisan support, extending the bush era tax cuts for families making less than $450,000 a year and making the lower...
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Jan 5, 2013
01/13
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. >> ed, the end of 2012, all about the fiscal cliff. right now we're talking about the debt ceiling discussion ahead. how tough of a fight is president obama going to be coming home will to? >> oh, a very tough one because republicans now determined more than ever to get spending cuts as part of the fiscal deal on the fiscal cliff. the president said he's not negotiating over it and the new congress began making it very clear that spending cuts will be what they focus on like a laser in the coming months as negotiations continue. mitch mcconnell look at the incoming class of house republicans as well who voted, many of them against the bill on friday that provided $9 billion in flood relief to sandy. they did it because there weren't spending cuts. >> jonathan, how is the fiscal cliff fight, how might that shape the debt ceiling fight for republicans? >> it's everything to them in terms of they feel as it was pointed out before that they didn't get the spending cuts they wanted. they see the debt ceiling coming up in the early couple of
. >> ed, the end of 2012, all about the fiscal cliff. right now we're talking about the debt ceiling discussion ahead. how tough of a fight is president obama going to be coming home will to? >> oh, a very tough one because republicans now determined more than ever to get spending cuts as part of the fiscal deal on the fiscal cliff. the president said he's not negotiating over it and the new congress began making it very clear that spending cuts will be what they focus on like a...
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Jan 3, 2013
01/13
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cliff months in advance of the deadline. >> right. >> unfortunately, harry reid's senate decided to sit on their thumbs and do nothing and hence they ended up having less than an hour to actually see a bill and vote on it that impacts according to the congressional budget office $4 trillion worth of debt load, and now after the fact we're discovering all this pork special interest legislation that was in the tax side of the bill, and so it's dysfunctional when you have that kind of process. we need to have a process where the american people can participate in their republic, where they have an opportunity to read this legislation. they can give feedback to their elected members in the house of representatives and the united states senate and then we can act accordingly. we should never again hit an issue of this magnitude in less than 24 hours from beginning to end. >> congressman brooks, very quickly, is there any reason to believe that that's going to happen this time around as you get ready for the negotiations or whatever they are going to be about the debt ceiling? >> i am ver
cliff months in advance of the deadline. >> right. >> unfortunately, harry reid's senate decided to sit on their thumbs and do nothing and hence they ended up having less than an hour to actually see a bill and vote on it that impacts according to the congressional budget office $4 trillion worth of debt load, and now after the fact we're discovering all this pork special interest legislation that was in the tax side of the bill, and so it's dysfunctional when you have that kind of...
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Jan 1, 2013
01/13
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the fiscal cliff negotiations. we'll be right back with "hardball." there are patients who will question, why does my mouth feel dryer than i remember it to be? there are more people taking more medication, so we see people suffering from dry mouth more so. we may see more cavities, bad breath, oral irritation. a dry mouth sufferer doesn't have to suffer. i would recommend biotene. the enzymes in biotene products help supplement enzymes that are naturally in saliva. biotene helps moisten those areas that have become dry. will not. e that are suffering can certainly benefit from biotene. >>> the rising political star of 2013, chris hayes, who will that be? >> massachusetts senator elizabeth warren i think. it's not an easy thing to do what she did. i think people -- she was a star on this network and among progressives, but to go win statewide office particularly as a woman in massachusetts, that takes some doing and i think she'll be an absolute force. >> steve, the rising star? >> it mains me a bit to say because i'm not that much of a fan but this i
the fiscal cliff negotiations. we'll be right back with "hardball." there are patients who will question, why does my mouth feel dryer than i remember it to be? there are more people taking more medication, so we see people suffering from dry mouth more so. we may see more cavities, bad breath, oral irritation. a dry mouth sufferer doesn't have to suffer. i would recommend biotene. the enzymes in biotene products help supplement enzymes that are naturally in saliva. biotene helps...
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Jul 24, 2013
07/13
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cliff? right now you have people like senator mccain saying, d the american people don't want it again and so is there a way that we can cut a deal? so this is some hope that you're going to get a smaller group of republicans and forcing the hand of the president. it's not presidential leadership by any means but forcing the hand of the president to say we'll give you something if you can give us something back and let's avoid the fiscal cliff. that's the only ray of hope that i can offer you, my friend, on this summer day. rick: i'll talk it. always nice to talk to you. see you soon. >> you're welcome, rick. jenna: d.c. feels like an island sometimes. you need to cut it loose. very interesting imagery there from juan. out of ohio, happening now, cleveland man accused of holding three women prisoner in what's described as a house of horror is back in court today and it will be the last court appearance before his trial starts next month. but his lawyers are telling the judge they're still in
cliff? right now you have people like senator mccain saying, d the american people don't want it again and so is there a way that we can cut a deal? so this is some hope that you're going to get a smaller group of republicans and forcing the hand of the president. it's not presidential leadership by any means but forcing the hand of the president to say we'll give you something if you can give us something back and let's avoid the fiscal cliff. that's the only ray of hope that i can offer you,...
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Jan 11, 2013
01/13
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talk about the fiscal cliff that's coming. you know, the nonsense was december 31st that was the fiscal cliff. you want to see the cliff? the debt ceiling. right? the debt ceiling -- liz: again? >> next month is starts. liz: what's that do -- >> the republicans are not going to give. they are going to say i gave you tax hikes. i want to see spending cuts. when obama says i'm not giving you spending cuts without more tax hikes, you will see the republicans cross their arms and say, i'm not playing. we're going off that cliff. liz: what is the trade if that is, indeed, the scenario? >> sell long term treasuries. they are a bad deal. i don't know if you saw these reports on the coin? have you seen that? think about it. imagine if the government printed a trillion dollars and stuck it in the treasury and said, oh, there's a trillion less. that's so irrational, or a country like ours crossing arms saying we are not going to pay. that's so irrational. that means one thing, long term interest rates up; right? bond prices down. you wi
talk about the fiscal cliff that's coming. you know, the nonsense was december 31st that was the fiscal cliff. you want to see the cliff? the debt ceiling. right? the debt ceiling -- liz: again? >> next month is starts. liz: what's that do -- >> the republicans are not going to give. they are going to say i gave you tax hikes. i want to see spending cuts. when obama says i'm not giving you spending cuts without more tax hikes, you will see the republicans cross their arms and say,...
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Jan 5, 2013
01/13
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congress approves a compromise deal to avert the fiscal cliff for now. did the media tell what you it does? taxes raised on most wage earners right now, but no spending cuts till later. the house of representatives delayed the vote to give more relief to victims of superstorm sandy causing a reaction almost as violent as the storm itself. >> last night politics was placed before oath to serve our citizens. for me, it was disappointing and disgusting to watch. >> jon: did nbc's meet the press host take his anti-gun agenda a step too far? a liberal newspaper in new york reveals the names and addresses of legal gun owners. the des moines register publishes a gun ban column advocating deadly violence against the n.r.a. and republican leaders. the war in afghanistan is still going on, nearly 70,000 u.s. troops still there, but media interest is mia. and get this, mr. global warming, al gore, sells his failed cable channel to a network owned by a big oil producing country. on the panel this week writer and fox news distributor judy miller. richard grinle serve
congress approves a compromise deal to avert the fiscal cliff for now. did the media tell what you it does? taxes raised on most wage earners right now, but no spending cuts till later. the house of representatives delayed the vote to give more relief to victims of superstorm sandy causing a reaction almost as violent as the storm itself. >> last night politics was placed before oath to serve our citizens. for me, it was disappointing and disgusting to watch. >> jon: did nbc's meet...
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Jan 1, 2013
01/13
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the clot is located in a vein in the space between her brain and skull near her right ear. it did not cause a stroke or neurological damage. doctors say clinton should make a full recovery and she is making excellent progress. the blood clot is related to the concussion clinton suffered earlier this month. it was discovered during a follow-up exam sunday. >>> from amazing fireworks displays to ancient traditions to our favorite polar plunges. folks around the world marked the beginning of 2013 in their own unique way. kirk gregory takes us on a tour of all those crazy celebrations. >> reporter: the first major city to celebrate 2013 was auckland, new zealand. fireworks and boat horns rang in the new year. in australia, a seven-ton fireworks display dazzled hundreds of thousands in sydney. with an estimated 1 billion people watching on tv worldwide. a large crowd counted down to the new year in shanghai, china. while in tokyo, japan, buddhist monks rang bells to cleanse sins. nato soldiers serving in afghanistan took time to let loose and dance their way into 2013. nato has
the clot is located in a vein in the space between her brain and skull near her right ear. it did not cause a stroke or neurological damage. doctors say clinton should make a full recovery and she is making excellent progress. the blood clot is related to the concussion clinton suffered earlier this month. it was discovered during a follow-up exam sunday. >>> from amazing fireworks displays to ancient traditions to our favorite polar plunges. folks around the world marked the beginning...
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Jan 20, 2013
01/13
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we went through a drama with the fiscal cliff and going forward the last thing we want and finally we had some positive news out there. >> brenda: we had a lot of drama and this happened before in 2011. but, toby, markets still went up. look at us, we're at five year highs now and wall street doesn't seem to worry. >> we had 400 point down days and it caused a whole stress that was self-inflicted one of the points that people try to make here. gary, listen, in gary b land, that all things are perfect and the kids are wonderful and all of that stuff. but in the real world, and that this is an arbitrary number not related to anything. we could have the conversation every day and we have the spending, you know, it's going to happen. and we need to vote the people out. vote those jokers out and that's how democracy works. >> and i'm moving to sweden because they have their act together. >> brenda: that's not why you're moving to sweden, gary b. >> doe't congress give them the power, i would vote for the limit increase and that's what happens, putting in little things to bribe everybody to
we went through a drama with the fiscal cliff and going forward the last thing we want and finally we had some positive news out there. >> brenda: we had a lot of drama and this happened before in 2011. but, toby, markets still went up. look at us, we're at five year highs now and wall street doesn't seem to worry. >> we had 400 point down days and it caused a whole stress that was self-inflicted one of the points that people try to make here. gary, listen, in gary b land, that all...
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Oct 3, 2013
10/13
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we have seen that over the fiscal cliff debate. i expect this to go right up to the edge and over. >> coming up next, more on the breaking news from twitter. we will talk about twitter's rising costs next. bny mellon combines investment management & investment servicing, giving us unique insights which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools to build more bright minds. invested in the world. bny mellon. vietnam in 1972. [ all ] fort benning, georgia in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection and because usaa's commitment to serve military members, veterans, and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >> in case you haven't heard, twitter is going public. we have been combing through all of the data. got some interesting numbers. jewel ja? >> that's r
we have seen that over the fiscal cliff debate. i expect this to go right up to the edge and over. >> coming up next, more on the breaking news from twitter. we will talk about twitter's rising costs next. bny mellon combines investment management & investment servicing, giving us unique insights which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools to build more bright minds. invested in the...
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Jan 2, 2013
01/13
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there were not enough votes, so that is why we are facing this fiscal cliff right now. nancy pelosi, harry reid, for six years they knew this was coming. last term of president obama, there was no budget passed. nobody is talking, the liberal media is not talking. they are hiding the bills that were passed in the house to be tabled and never brought up and never be accountable for. i hold the republicans accountable, too, because they did not step up to the mike and point the finger towards the blame. i have another question to ask. obama asked for complete congressional powers about being able to pull up and give any amount of money that he wanted, taking those powers away from the house. i think that is completely ludicrous. as far as the last caller asking out the democrats and republicans, that me see, if the democrats put a bill together and the republicans don't vote for it, they are mad at it, but if the republicans put a bill and let's say cave to the democrats, there is no bipartisan. i have never seen the democrats actually cave and take care of the fiscal cli
there were not enough votes, so that is why we are facing this fiscal cliff right now. nancy pelosi, harry reid, for six years they knew this was coming. last term of president obama, there was no budget passed. nobody is talking, the liberal media is not talking. they are hiding the bills that were passed in the house to be tabled and never brought up and never be accountable for. i hold the republicans accountable, too, because they did not step up to the mike and point the finger towards the...
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Jan 2, 2013
01/13
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this fiscal cliff deal is giving investors something to cheer about? >> that's exactly it. looks like the dow is up about 250 points right now. stocks, which are risk-related asset classes, along with commodities are moving higher on this fiscal cliff deal. it's the uncertainty that has dissipated that's helping lift stocks almost across the board. the text-handy nasdaq is leading gains with the best intra day gain, we're talking about percentage, in six months. the first trading day of the year actually seems to be kind of a charm for the bulls on wall street because the dow has not fall i don't know on the year's first trading day since 2005. so we've got some interesting movements here. but some traders are warning that this rally could be a bit short lived because i know you were discussing it earlier. we still have to talk about the nation's borrowing in just a couple weeks and wall street knows that. we're paying attention to that. >> we saw what happened last time and it wasn't good. >> the good news is we also averted the dairy cliff, we won't be paying $8 for a gal
this fiscal cliff deal is giving investors something to cheer about? >> that's exactly it. looks like the dow is up about 250 points right now. stocks, which are risk-related asset classes, along with commodities are moving higher on this fiscal cliff deal. it's the uncertainty that has dissipated that's helping lift stocks almost across the board. the text-handy nasdaq is leading gains with the best intra day gain, we're talking about percentage, in six months. the first trading day of...
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Jan 1, 2013
01/13
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house republicans are meeting right now to decide whether or not to amend the senate's fiscal cliff bill. the ramifications could be enormous for you. we're going there live. and straight ahead also, colorado's first pop club opens its doors. we're going inside. club opens its doors. we're going inside. t club opens its doors. we're going inside. i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >>> the new year marks the first pot club in denver. >> it's 4:20 p.m., be traditional times for stoners to light up. club 64 is open for business. the club gets its name for amendment 64 which legalized recreational use until marijuana. this is a private club opened only to members who pay a $30 fee. >> you cannot buy marijuana from the club. but you can come in here, you can share marijuana or bring in marijuana. >> the culmination of a long-fought battl
house republicans are meeting right now to decide whether or not to amend the senate's fiscal cliff bill. the ramifications could be enormous for you. we're going there live. and straight ahead also, colorado's first pop club opens its doors. we're going inside. club opens its doors. we're going inside. t club opens its doors. we're going inside. i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm...
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Jan 11, 2013
01/13
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. >> i was advocating that we go right over the fiscal cliff and cut $1.2 trillion of spending and that's what we should have done. >> wow. >> caroline, what do you make of the letter sent by the four top dems to the president saying don't negotiate on the debt ceiling? >> we've raised the debt ceiling about 70 times in the past century and this has never been a controversial issue. granted we do have a $16 trillion debt at this point in time so it makes it more prescient that we do this now but i completely disagree we should have gone over the fiscal cliff. we don't have a spending problem. we primarily have a revenue problem. >> wait a second. how could you say we don't have a spending problem and it's a revenue problem. you could raise taxes by 80% on the rich and you're still not making a debt into 16 trillion. this is not a revenue problem. >> sure. it's absolutely a revenue problem. if you look at what caused this, talking about extension of the bush tax cuts primarily for the wealthy and we're talking about getting into wars we couldn't afford. >> caroline, how much revenue are yo
. >> i was advocating that we go right over the fiscal cliff and cut $1.2 trillion of spending and that's what we should have done. >> wow. >> caroline, what do you make of the letter sent by the four top dems to the president saying don't negotiate on the debt ceiling? >> we've raised the debt ceiling about 70 times in the past century and this has never been a controversial issue. granted we do have a $16 trillion debt at this point in time so it makes it more...
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Jan 30, 2013
01/13
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there was the fiscal cliff coming right at us. consumer sentiment was in a tailspin. and weak holiday sales. add it all up, and you have got a contraction of the economy at the end of last year. okay? you've got a contraction. right now, just a few short weeks later, what you've got is a near-record high for the stock market. the dow is closing in on an all-time high. that is because the housing market is recovering. that is still true, despite the slippage in the economy. housing is recovering. most important, ben bernanke, martha, is printing up a storm of money and a lot of it is going right into the stock market. therefore, the market rallies, even though the economy contracts. martha: that would be an argument for sort of a false fluffy high in the stock market, i would imagine, right? >> i will not predict the stock market now, tomorrow or into the future but i will tell you that the market despite that terrible economic news will open only maybe 15 points lower for the dow industrials this morning. martha: you think back, we were talking about the fact that gdp
there was the fiscal cliff coming right at us. consumer sentiment was in a tailspin. and weak holiday sales. add it all up, and you have got a contraction of the economy at the end of last year. okay? you've got a contraction. right now, just a few short weeks later, what you've got is a near-record high for the stock market. the dow is closing in on an all-time high. that is because the housing market is recovering. that is still true, despite the slippage in the economy. housing is...
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Jan 2, 2013
01/13
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on capitol hill finally ends the fiscal cliff crisis. how you can see smaller paychecks in the month ahead. >>> good morning. we are following developing news from the east bay. right now this water main break and these are live pictures messing up a busy intersection in hayward. >>> freeze warning in effect for parts of the bay area. >>> it's finally a done deal. the long national drama over the fiscal cliff is over. >>> many people are returning to work today and they will be surprised to see a drop in their paycheck now that it's the new year. we'll explain what tax cut has expired.
on capitol hill finally ends the fiscal cliff crisis. how you can see smaller paychecks in the month ahead. >>> good morning. we are following developing news from the east bay. right now this water main break and these are live pictures messing up a busy intersection in hayward. >>> freeze warning in effect for parts of the bay area. >>> it's finally a done deal. the long national drama over the fiscal cliff is over. >>> many people are returning to work...
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Oct 4, 2013
10/13
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we have seen the sequestration, and the fiscal cliff which are decelerating a lot of the economic and the consumer sentiment growth right now, but we could get it back in the fourth quarter in 2014. as long as the powers at be are careful with the debt situation, then we would cob back to look at it, and the other steve said that he is looking at security by security, and that is the way to play it. do the homework and have the list well researched and when you have the valuations that you want, pull the trigger. >> and what about the earnings, steven? what if they come in lower than expected? what if the number is disappointings, and you have to ask what is the catalyst, and earnings has to be one. >> well, the earnings are beating the lowered expectations, and revenue, and no fig leaf on the top line, and revenue is far more important in analytics and security analytics moving forward and so it is earns into 2014 is not only what the fed does, but if we can avoid the debt ceiling being breeched, then revenue is going to be far more significant, and also, where to look globally and l
we have seen the sequestration, and the fiscal cliff which are decelerating a lot of the economic and the consumer sentiment growth right now, but we could get it back in the fourth quarter in 2014. as long as the powers at be are careful with the debt situation, then we would cob back to look at it, and the other steve said that he is looking at security by security, and that is the way to play it. do the homework and have the list well researched and when you have the valuations that you...
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Feb 22, 2013
02/13
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you also didn't see the markets freak out over the fiscal cliff because we've sort of stopped believing the crying wolf of washington politicians and a sense of what -- if you look at the fiscal cliff eastbound if there were some deal being worked out which there isn't that boehner would have a hard time getting the votes for anything. barely got the votes for a sort of symbolic sequester replacement plan around the time of the fiscal cliff deal and so i think that especially having in their perception caved on the fiscal cliff and then having put off the debt ceiling, the republicans really feel like this is something they have to stand their ground on. >> chris, karl rove superpac has an ad out of bom's mess. let me play it and get your reaction to this. >> a bad idea. are you willing to see a bunch of first responders lose their job. teachers laid off. air traffic controllers and airport security. this is hardship on a lot of people. scene zone yours. middle class families. scramble to find -- >> is this ad effective? you can take out the cut-out of the president and put in speaker b
you also didn't see the markets freak out over the fiscal cliff because we've sort of stopped believing the crying wolf of washington politicians and a sense of what -- if you look at the fiscal cliff eastbound if there were some deal being worked out which there isn't that boehner would have a hard time getting the votes for anything. barely got the votes for a sort of symbolic sequester replacement plan around the time of the fiscal cliff deal and so i think that especially having in their...
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Apr 10, 2013
04/13
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all right. before the fiscal cliff and before all the issues, we talk about revenues and tax hikes. so the republicans don't want tax hikes. maybe some tax reform. but then a deal is made. but after the deal is done, what they do is in the present political team, they are really smart. if the economic team was that smart, i would be like double thumbs up. but after the negotiations, here is what we are going to hear. we want the soup because we got that in terms of the tax increases and we want the salad. don't you remember back in september, october, november, you guys were all for reform? well, we want it noud. >> thank you, rick. i imagine you dining for lunch at the table in just a couple of hours. >> coming up, president obama speaks on the 2014 budget proposal. stick around we're right back. w. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ since aflac is helping wit
all right. before the fiscal cliff and before all the issues, we talk about revenues and tax hikes. so the republicans don't want tax hikes. maybe some tax reform. but then a deal is made. but after the deal is done, what they do is in the present political team, they are really smart. if the economic team was that smart, i would be like double thumbs up. but after the negotiations, here is what we are going to hear. we want the soup because we got that in terms of the tax increases and we want...
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Jan 2, 2013
01/13
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i -- there's basically three more fiscal cliffs that congress is facing right now, right? >> reporter: the debt limit in february. the automatic march and the third is a temporary budget runs out -- runs out at the end of march. that will present more situations and battling. it might be a very rough start to the new year in terms of political battling between democrats and republicans. of course, the white house, as well. >> all right. jamie dupree, joining us live from washington, d.c. you can find a link to jamie's blog at ktvu.com. pull down the news bar. >>> all right, tori. 7:20. for the first time there is a new study that says fructose sugar may make you overeat. tests show that fructose, a type of sugar can cause changes in the brain that make you overeat the -- overeat. it found drinking a beverage with fructose, the brain does not register the feeling of being full like with other simple sugars. although the study doesn't prove it causes obesity, it does add to the evidence it may contribute to it. >> something to think about in the new year. >>> 7:20. it's real
i -- there's basically three more fiscal cliffs that congress is facing right now, right? >> reporter: the debt limit in february. the automatic march and the third is a temporary budget runs out -- runs out at the end of march. that will present more situations and battling. it might be a very rough start to the new year in terms of political battling between democrats and republicans. of course, the white house, as well. >> all right. jamie dupree, joining us live from washington,...
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Mar 1, 2013
03/13
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it wasn't long ago they were all there to discuss the fiscal cliff. >> right. >> promising a solution to that by christmas. clearly that barely happened. >> they are short sellers 'dream. when you hear there's a presser, so to speak, you've got to go to the s&p puts. because i can't think of a time when they got together and the market went up in the last, i don't know, 18 months, two years. unless it was to -- unless it was rg3. even he now is like -- >> we're going to get consumer sentiment. ism on the way, and a lot more, in just a second. >>> just enough time for "six in sixty." chart indices. >> bountiful natural gas. they make all the equipment to turn it into gas to liquids. >> big data play here spunk. >> this stock is just reported an unbelievable quarter. >> morgan stanley taking wendy's to underweight. >> newfound mcdonald's. doing a lot of good things. >> and entura surgical. >> now, back. herb greenberg is the guy to listen to in this. >> omnivision. >> oh, my. this is apple. this is why apple's down, because they make the cameras for a lot of the apple devices. there's a
it wasn't long ago they were all there to discuss the fiscal cliff. >> right. >> promising a solution to that by christmas. clearly that barely happened. >> they are short sellers 'dream. when you hear there's a presser, so to speak, you've got to go to the s&p puts. because i can't think of a time when they got together and the market went up in the last, i don't know, 18 months, two years. unless it was to -- unless it was rg3. even he now is like -- >> we're going...
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Jan 5, 2013
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cliff, right? >> that's right. that big fight over raising the debt ceiling. remember, the danger -- this is one reason the president wanted the first deal, the thing he's really thinking about when he says i am not negotiating, i'm not letting this in negotiations, raising the debt ceiling, he doesn't want the worlds destabilized. he wants to get the united states' fiscal house in order. he doesn't want a fight. historically this has not been a big fight. if the republicans hold his ground and the president holds his ground, the fight we had over the fiscal cliff will look like child's play compared to this battle. >> john boehner re-elected speaker of the house this week but not without republican defections. if there are winners and losers -- hate using that term because it seems that everything is about winning and losing. but it there are winners and losers, did boehner come out roughed up? >> he's a little roughed up. there was token opposition to him. his problem is one of the lessons he say
cliff, right? >> that's right. that big fight over raising the debt ceiling. remember, the danger -- this is one reason the president wanted the first deal, the thing he's really thinking about when he says i am not negotiating, i'm not letting this in negotiations, raising the debt ceiling, he doesn't want the worlds destabilized. he wants to get the united states' fiscal house in order. he doesn't want a fight. historically this has not been a big fight. if the republicans hold his...
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Jan 2, 2013
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what the fiscal cliff did was slow down that expectations into the new year, but right now, we think these financials are fully valued, but if we get solid economic growth, unemployment rate drops, you're going to see these stocks go higher. however, we need economic growth in 2013. >> david, you've been a long-term investor in financials. at this point with financials, some of them have doubled in 2012. like bank of america. do you want to lighten up and then re-enter a position at this point? >> we think we're very early in the financials doing better. you have to put 2012 in perspective. 2011 was a horrific year for financials, even though the fundamentals and earnings were coming back, so we thought they would start to catch up in 2012. we think the fundamentals continues to get better over the next year. the whole housing market is a big plus. one group that did not do as well within the financials were the sensitive stocks, stocks that were being hurt by very low interest rates. we think rates are going to start to tick higher. that's a place where we think there's going to be
what the fiscal cliff did was slow down that expectations into the new year, but right now, we think these financials are fully valued, but if we get solid economic growth, unemployment rate drops, you're going to see these stocks go higher. however, we need economic growth in 2013. >> david, you've been a long-term investor in financials. at this point with financials, some of them have doubled in 2012. like bank of america. do you want to lighten up and then re-enter a position at this...
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Jun 10, 2013
06/13
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you know, the fact is that we didn't do comprehensive tax reform with the fiscal cliff. we basically raised prices on the quo quote/unquote wealthy. and the sequester was a nuclear weapon that was not supposed to have gone off. it has to be restructured. we haven't addressed the three fundamental things that have to be addressed to deal with the structural deficits. we haven't done -- dealt with demographics. we haven't dealt with healthcare costs and we haven't dealt with our tax system. we've gone from the whole getting deeper 10 million -- pardon me, 10 million a minute to 8 million a minute, and the only reason that they've done things is because they failed to agree on a program and a plan to deal with the structural problems. i come back to what i said. they're shortsighted. they have tunnel vision. and they don't adequately consider the off-balance sheet risks. >> david walker, always good to see you. thank you for your thoughts today. >> take care. >> see you later. heading toward the close, how are we doing? up two points. ooh. 40 minutes left. making progress.
you know, the fact is that we didn't do comprehensive tax reform with the fiscal cliff. we basically raised prices on the quo quote/unquote wealthy. and the sequester was a nuclear weapon that was not supposed to have gone off. it has to be restructured. we haven't addressed the three fundamental things that have to be addressed to deal with the structural deficits. we haven't done -- dealt with demographics. we haven't dealt with healthcare costs and we haven't dealt with our tax system. we've...
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Jan 1, 2013
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"fiscal cliff." the senate is close to a deal as the clock ticks toward midnight and the nation teeters on the edge of the so-called "fiscal cliff." >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush-era tax cuts for families making $450,000 a year and individuals making $400,000. it would also increase the taxes on estates worth more than $5 million and extend unemployment benefits for one year. president obama said he would have preferred a grand bargain that solved all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. [ laughter ] >> it may be we can do it in stages. >> reporter: negotiations have been going on all day. lawmakers and aides moving back and forth between meeting rooms here on capitol hill on what is normally a quiet new year's eve. the major sticking upon the now is spending. the president suggested lawmakers mak
"fiscal cliff." the senate is close to a deal as the clock ticks toward midnight and the nation teeters on the edge of the so-called "fiscal cliff." >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush-era tax cuts for families making $450,000 a year and individuals making $400,000. it would also increase the taxes on estates worth more than $5 million and extend unemployment...
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Oct 9, 2013
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cliff negotiation. >> that's exactly right. it you is ironic, isn't it. this story has so many twist and turns it is constantly a surprise. coming back to what you said at the top i think there are some people on the right, heritage action group, for example, who are saying they will not be satisfied unless something is done about obamacare in any future negotiation. so you're seeing continued pressure on obamacare coming from people who were the backbone of the initial idea that the government should be shut down unless the president had a one-year delay in terms of the insurance mandate, the individual mandate. those people haven't given up the ship yet. although it looks like many republicans on the hill are moving away from that agenda. jon: but you know be the whole thing about insurance, obviously, you pool the risk. the white house doesn't even know or won't even know, it says, how many people have signed up and actually offered to plunge down their money for this system until mid-november. >> oh, gosh, i think, you know
cliff negotiation. >> that's exactly right. it you is ironic, isn't it. this story has so many twist and turns it is constantly a surprise. coming back to what you said at the top i think there are some people on the right, heritage action group, for example, who are saying they will not be satisfied unless something is done about obamacare in any future negotiation. so you're seeing continued pressure on obamacare coming from people who were the backbone of the initial idea that the...
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and the fiscal cliff deal already having an impact. a former bush press secretary, i increased donations to charity in 2012. this dilemma is my deduction, so i and many others will likely donate less. according to philanthropy news digest, the new cap on deductions could eliminate two and a half percent or $7 billion per year in charitable giving. and not just talking about the wealthy. you could be losing deductions. now break it down next. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. hey, yo, check out this chef, right? right? that's so gay. that's really gay. dude, look at those pants. please don't say that. what? don't say that something is gay hen you mean that something is dumb or stupid. it's insulting. it's like if i thought this peer shaker was stupid, and i said, "man, th
and the fiscal cliff deal already having an impact. a former bush press secretary, i increased donations to charity in 2012. this dilemma is my deduction, so i and many others will likely donate less. according to philanthropy news digest, the new cap on deductions could eliminate two and a half percent or $7 billion per year in charitable giving. and not just talking about the wealthy. you could be losing deductions. now break it down next. this is $100,000. we asked total strangers to watch...
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Jan 15, 2013
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. >> we've learned that as the fiscal cliff showed us, this is all about giving cover to the more raucus members of your caucus, right? this allows john boehner to sort of move forward, provide a spoke smoke screen for people that don't want to raise the debt ceiling and get on without tanking the u.s. economy, joy. >> yeah, absolutely. i think that is the most important thing. i'm with ryan on this. you always have to provide political cover. the republicans need to be able to run against barack obama as the tax and spend liberal who keeps plunging us into debt. this would allow them to do that and still not blow up the economy. i mean, the only thing here that we know for certain is that they are going to raise the debt limit. they're going to do it. they know it. we know it. it's just a matter of how messy it's going to be before that. the way that you know republicans many my opinion are not serious, where is their list of things? if spending is such a horrible thing and we have a spending problem, not a debt problem, show us your list. what is it you would like to cut? let's see it.
. >> we've learned that as the fiscal cliff showed us, this is all about giving cover to the more raucus members of your caucus, right? this allows john boehner to sort of move forward, provide a spoke smoke screen for people that don't want to raise the debt ceiling and get on without tanking the u.s. economy, joy. >> yeah, absolutely. i think that is the most important thing. i'm with ryan on this. you always have to provide political cover. the republicans need to be able to run...
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Jan 1, 2013
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republicans are leaving right now to talk about how to hand the fiscal cliff. house republican leader eric cantor says he can't support the senate bill. democrats are urging house leaders to let members vote on this bill. >> a raging fire tore through a church in a county today. they are devastated today and investigators are trying to determine the cause and church leaders trying to find a place to worship on sunday. >> at the stroke of midnight same-sex couples began getting married. seven couples tied the note early this morning. they were the force to take advantage of the new law legalizing same-sex marriage. and same-sex marriage is recognized in nine states. there are many other new laws that go sby effect today. we break down some of the new intrigues new laws. >> in california driverless car ace allowed on the highways. a human still had has to be in the passenger seat and californians can use their smartphones to prove they have insurance. >> it is a wonderful thing. if you have your insurance with you all the time, we have our drivers license on ther
republicans are leaving right now to talk about how to hand the fiscal cliff. house republican leader eric cantor says he can't support the senate bill. democrats are urging house leaders to let members vote on this bill. >> a raging fire tore through a church in a county today. they are devastated today and investigators are trying to determine the cause and church leaders trying to find a place to worship on sunday. >> at the stroke of midnight same-sex couples began getting...
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Jan 1, 2013
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senate will avoid the fiscal cliff and a vote is expected this morning. he said neither republicans nor democrats got everything they wanted and this a agreement should work and the house should pass it without delay. the house of representatives should reconvene at 9:00 our time. will house republicans try to block house of that senate pill. >> they have hundreds of new laws and they just took a affect today. and we will tell you about one that affects you if you use facebook. >> reporter: well there are a total of 876 new laws in the books in our state and one is designed to protect homeowners trying to avoid foreclosure. this new law would prevent banks from starting the foreclosure basis and it will protect people going through alone modification. and you can still go ahead with the for close to our some time. it is now illegal to use facebook user i.d. and password to keep their jobs. colleges and user add mixes are also prohibited in doing the same thing and can no longer ask the students. driver less cars, pay paves the way and they are a bay area
senate will avoid the fiscal cliff and a vote is expected this morning. he said neither republicans nor democrats got everything they wanted and this a agreement should work and the house should pass it without delay. the house of representatives should reconvene at 9:00 our time. will house republicans try to block house of that senate pill. >> they have hundreds of new laws and they just took a affect today. and we will tell you about one that affects you if you use facebook. >>...
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Jan 22, 2013
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i think there's -- >> a fiscal cliff debate right about now. >> this is a huge study. the department of justice program that provides grants to local law enforcement to hire more police, i think that program could easily be 20 or 30 times its current billion dollar a year size. i think that would be one of the most productive things the federal government can do to really make progress in this area. >> we agree, i think what the professor just outlined in the latter part of what he said, go after illegal gun markets. by a legal we're not talking about five or 10 among law-abiding citizen. we're talking about selling gu guns, people are engaged in gun sales -- without any interpretation of the law. and go after criminals, people with records who are carrying guns illegally. that's been done in cooperation with the u.s. attorney here in chicago. then recently affect -- that's i think the important thing is to find ways to go after the criminals here. what i'm afraid we're going to do with things like the assault weapons ban, limits on magazines come is you're going to do
i think there's -- >> a fiscal cliff debate right about now. >> this is a huge study. the department of justice program that provides grants to local law enforcement to hire more police, i think that program could easily be 20 or 30 times its current billion dollar a year size. i think that would be one of the most productive things the federal government can do to really make progress in this area. >> we agree, i think what the professor just outlined in the latter part of...
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Feb 22, 2013
02/13
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. >> in regards to the fiscal cliff and the cumulative effects and policies in particular, that of maintaining interest rates artificially lower, which you call quantitative easing, i ask especially because recently economic journalist william cohen had an article on the front page of "the washington post." this is what he said. quantitative easing not only hurts older americans on fixed incomes and loans that are dutifully saved for retirement, and these are people who can't afford to take advantage of historically low mortgage interest rates. mainly the quantitative easing helps the wall street banks and traders with a dynamic that could be setting us up for another financial crisis as investors have high-quality investments that wall street is only too happy to provide. >> i do not agree with the last part. i don't think there are a lot of people that are just provided. they have a lot of winning there, but they like to get more than that. that being said, what you said -- [talking over each other] what you said about low interest rates hurting people in general who live in general, that is
. >> in regards to the fiscal cliff and the cumulative effects and policies in particular, that of maintaining interest rates artificially lower, which you call quantitative easing, i ask especially because recently economic journalist william cohen had an article on the front page of "the washington post." this is what he said. quantitative easing not only hurts older americans on fixed incomes and loans that are dutifully saved for retirement, and these are people who can't...
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Jan 9, 2013
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you know, our -- again -- >> host: john kerry voted for the fiscal cliff deal. >> guest: right, and i'm pretty sure frank did as well. there's a lot of democrats, who, i think, made a tough decision to support the deal, but oftentimes did so with the bow that we hold them to that in the next round they do not cut benefits. back to barney frank for a second. i spoke to the congressman last night about this, and thinking about publicly getting involved in this with some of our 25,000 massachusetts members. our biggest issues is cuts to social security and medicare and medicaid benefits. i'm convinced he would be an active fighter. we have to make sure both in the appointment and whoever wins next election, we don't have somebody canceling out elizabeth warren. >> host: did he seek out your endorsement? you're help? >> guest: not that way, we met a couple times, and i just wanted to talk to him. >> host: okay. so what kind of resources do you have to help him? >> guest: so, again, we have nearly 1 million members across the nation, 25,000 in massachusetts. this is a unique campaign because
you know, our -- again -- >> host: john kerry voted for the fiscal cliff deal. >> guest: right, and i'm pretty sure frank did as well. there's a lot of democrats, who, i think, made a tough decision to support the deal, but oftentimes did so with the bow that we hold them to that in the next round they do not cut benefits. back to barney frank for a second. i spoke to the congressman last night about this, and thinking about publicly getting involved in this with some of our 25,000...
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Jan 1, 2013
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obviously we have technically gone over the fiscal cliff at this point. however, this will be retroactive to, what, an hour and 53 minutes ago on the east coast. so it would be no effect, with one big caveat, of course. next comes the house of representatives and nobody knows how that is going to work out. republican leaders, after this deal was struck this evening, it became apparent that both republicans and democrats were on board in big numbers. put out a statement saying they pledge to look at what the senate did. they reserve the right to amend it, however, or put it directly on the floor. they're not going to do it tonight. this is going to take place tomorrow at the very earliest and no one knows exactly how republicans are going to react in the house of representatives. it is going to be a very interesting day. and at this point we can't say it's a guarantee in any way, shape, or form that the house is going to approve what's being done here. many republicans obviously upset that taxes are going to be very in any shape or form and many democrats
obviously we have technically gone over the fiscal cliff at this point. however, this will be retroactive to, what, an hour and 53 minutes ago on the east coast. so it would be no effect, with one big caveat, of course. next comes the house of representatives and nobody knows how that is going to work out. republican leaders, after this deal was struck this evening, it became apparent that both republicans and democrats were on board in big numbers. put out a statement saying they pledge to...
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we'll be right back. ♪ ♪ >> lost in the focus on the fiscal cliff with a slew of new taxes this year designed to pay for president obama's health care law, and elizabeth is here with the bottom line. like we said earlier, fed nickels and dimes. >> that's right. the president said in march of 2010 that the affordable care act would not hit the middle class. tell you something, some of the tax hikes hit the middle class. here's the president in march 2010. >> millions of people will get tax breaks to help them afford coverage representing the largest middle class tax cut for health care in history. [applause] that's what this reform's about. >> well, no, the reform is about 20 new taxes, eight tax hikes, eight of them being enacted this year. we'll show them to you in a scroll coming on the screen. this is to pay for the high cost of affordable health care, $500 billion in tax hikes over the next decade. these are launched today. now, the -- you are going to see the flex health accounts capped. that's squarely aimed at the middle class. medical deductions capped, affecting the middle c
we'll be right back. ♪ ♪ >> lost in the focus on the fiscal cliff with a slew of new taxes this year designed to pay for president obama's health care law, and elizabeth is here with the bottom line. like we said earlier, fed nickels and dimes. >> that's right. the president said in march of 2010 that the affordable care act would not hit the middle class. tell you something, some of the tax hikes hit the middle class. here's the president in march 2010. >> millions of...
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Jan 4, 2013
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as you know, congress just passed a deal on the fiscal cliff and my opinion it was a lousy deal. i would have voted against it. it was a lousy deal because number one it raised taxes by $620 billion. that's going to kill jobs. it's going to hurt small businesses, going to hurt americans. but number two, those tax increases were not linked with spending cuts as president obama said every day on the campaign trail. they were linked with $330 billion in new additional spending. it makes the problem even worse and it was irresponsible. >> you know, if it came to it on the debt ceiling, if it came to it on the debt kreeceiling -- iw it's early, this is all hypothetical. would you go with a government shutdown? i mean, after all, if there's no money, the government has to shut down. but debt ceiling should be automatic. there ought to be some discipline. would you go for a government shutdown? i'm hearing that from my colleagues and friends in washington. >> i think we have to be prepared to go so far as to shut the government down. if we don't get some serious policies to stop the out
as you know, congress just passed a deal on the fiscal cliff and my opinion it was a lousy deal. i would have voted against it. it was a lousy deal because number one it raised taxes by $620 billion. that's going to kill jobs. it's going to hurt small businesses, going to hurt americans. but number two, those tax increases were not linked with spending cuts as president obama said every day on the campaign trail. they were linked with $330 billion in new additional spending. it makes the...
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Jan 2, 2013
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majority leader voted on the fiscal cliff deal last night. he voted against it. some have interpreted that to be premonition, an indication perhaps there will be some sort of a challenge to the speakership of john boehner. however we have heard nobody speak publicly, nobody speak on the record in that regard. keep in mind if his speakership were to be challenged would require a vote not just of the republican conference but the entire house of representatives. jenna: big question whether or not a change in leadership would elicit different results that is conversation yet to be had in the coming weeks. >> so you try. jenna: doug, thank you very much. jon: so the white house and congress knew of the self-imposed deadline for more than 17 months and they still managed to blow past it. finally approving a tax deal last night that doesn't seriously address the spending cuts or the nation's ballooning deficit. so who wins and who loses with this deal? talk about it with jonah gold perg, editor-at-large at "the national review" and a fox news contr
majority leader voted on the fiscal cliff deal last night. he voted against it. some have interpreted that to be premonition, an indication perhaps there will be some sort of a challenge to the speakership of john boehner. however we have heard nobody speak publicly, nobody speak on the record in that regard. keep in mind if his speakership were to be challenged would require a vote not just of the republican conference but the entire house of representatives. jenna: big question whether or not...
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"weekends with alex witt" starts now. >>> the so-called fiscal cliff may be behind us, but the next round of the debt ceiling debate looms large in the near future. i'll ask the co-chair for the campaign to fix the debt what lies ahead. >>> and report that tim geithner will leave before that battle has many wondering how that could affect the economy. >>> if you think hillary's departure of the secretary of state will leave the country without a clinton on center stage, think again. >>> and "office politics." i talk to al roker from everything from the fiscal cliff to the first one-on-one he scored with the president after his short inauguration. good morning, welcome to "weekends with alex witt." we have front page politics. with the fiscal cliff deal behind us, president obama is turning his attention to the next battle in today's weekly address, the debt ceiling. >> one thing i will not compromise over is whether or not congress should pay the tab for a bill they already wracked up. if congress refuses to give the united states the ability to pay its bill on time, consequences for the
"weekends with alex witt" starts now. >>> the so-called fiscal cliff may be behind us, but the next round of the debt ceiling debate looms large in the near future. i'll ask the co-chair for the campaign to fix the debt what lies ahead. >>> and report that tim geithner will leave before that battle has many wondering how that could affect the economy. >>> if you think hillary's departure of the secretary of state will leave the country without a clinton on...
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Jan 2, 2013
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all because of what happened here with the fiscal cliff. >> yeah. that's right. happy new year to you. >> you, too. >> first trading day of the year. yeah, green. we're at 9-1 advances outpaced decliners now with dow jones stocks 6 hundred hunch. look at the graph. we're also up at the session high. volumes aren't necessarily terrific because it is january 2. but everybody will take the gains that we've got on this first day. it comes after sort of mixed gains really for european equity markets in 2012. the ftse 100 has been something of the laggard over the last 12 months or so. just up under 6%. it's broken through 6,000 for the first time today since july, 2011. the xetera dax up over 29% for 2012. up another 2.25% this morning, as well. up 5% in the fourth quarter. the acc up 2.39. and the ftse up 2.23%. and we have this risk on move, it has brought kwleelds down continuing in spain and italy again this morning. and politics in europe is subdued for once. ten-year spanish yield, 4.4%. italian, 4.49. we're substantially lower, 4.3%, as well. two bits of key ec
all because of what happened here with the fiscal cliff. >> yeah. that's right. happy new year to you. >> you, too. >> first trading day of the year. yeah, green. we're at 9-1 advances outpaced decliners now with dow jones stocks 6 hundred hunch. look at the graph. we're also up at the session high. volumes aren't necessarily terrific because it is january 2. but everybody will take the gains that we've got on this first day. it comes after sort of mixed gains really for...
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. >> heather if you thought everything was fine and dandy because we got past the fiscal cliff think again. i have three items right off the bat. number one, we got a new warning of the possible downgrade of america's financial standing, our financial standing in the world. we got a downgrade warning from mood is did. apparently we have not properly addressed our debt situation in the fiscal cliff deal. item two, everybody today who works are paying a more in tax. that is a whole chunk of money taken out of the private sector of the economy. it will slow the economy. as you pointed out, heather, item 3 a pretty grim report on new jobless claims. the number going straight back up again to 372,000. that is a very high number and it reverses a small downtrend that we had seen in the previous couple of weeks. so you add it all up together, heather, you do not have a pretty strong start to the economy for the new year. heather: stuart, perhaps, not so surprising this new poll shows alarming number of people who say, our best years, they're behind us. what do you think? >> this is a real s
. >> heather if you thought everything was fine and dandy because we got past the fiscal cliff think again. i have three items right off the bat. number one, we got a new warning of the possible downgrade of america's financial standing, our financial standing in the world. we got a downgrade warning from mood is did. apparently we have not properly addressed our debt situation in the fiscal cliff deal. item two, everybody today who works are paying a more in tax. that is a whole chunk of...
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Jan 4, 2013
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right? >> well, it was ugly on the fiscal cliff. it's going to be ugly again. >> eight weeks. we got eight weeks. we should relax for about eight weeks and then get ready to get uggdy again, right? >> i don't think you relax for eight weeks. i think you've got about two weeks to relax and we're going to start warming up for the main event >> for the main event. >> nor is this a situation, we've talked to several senators who think that this is going to be much uglier this time around. but will you hold it up on the debt ceiling or will it be something that you say, okay, we're going to deal with the sequester talks, because there are plenty of people who say that this past fiscal cliff was not the real issue. the real issue is the tell ceiling. and if we fail to pay the bills that we've already run up that that will change potentially borrowing costs for americans for years and years to come. and that is a concern. >> well, the big breakthrough needs to be first and foremost on the sequester. you know, sequester was put up as a poison pill last august so the super committee co
right? >> well, it was ugly on the fiscal cliff. it's going to be ugly again. >> eight weeks. we got eight weeks. we should relax for about eight weeks and then get ready to get uggdy again, right? >> i don't think you relax for eight weeks. i think you've got about two weeks to relax and we're going to start warming up for the main event >> for the main event. >> nor is this a situation, we've talked to several senators who think that this is going to be much...
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that said, washington, sequestration, fiscal cliff, europe, markets price through it. ashley: okay, we have the continuing resolution the issue coming up at end this month. the markets, -- >> these arep opportunities to reload. if you done your homework, if you know what the shopping list is use the pullbacks to reload for the longer term investor. tracy: they make us look good. steve wood, russell investments. ashley: thank you, steve, appreciate it. well it is a quarter past. time to check the markets for you. sandra smith on the floor of the new york stock exchange. we go there every 15 minutes. what's going on, sandra. >> hey, tracy, hey, ashley. look at hess. we've been watching this stock today. it is nearing its 52-week high. just a big move all around for the company. $4 billion buyback. you have also hess more than doubling its dividend payout from 40 cents to a buck a share. and you've also got it getting out of the risk can i energy trading business. getting out of retail business, getting out of the risky part and they're focusing on exploration and product
that said, washington, sequestration, fiscal cliff, europe, markets price through it. ashley: okay, we have the continuing resolution the issue coming up at end this month. the markets, -- >> these arep opportunities to reload. if you done your homework, if you know what the shopping list is use the pullbacks to reload for the longer term investor. tracy: they make us look good. steve wood, russell investments. ashley: thank you, steve, appreciate it. well it is a quarter past. time to...
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the fiscal cliff edition of "starting point" begins right now. >> our "starting point" this morning is breaking news. the senate strikes a deal on the fiscal cliff, but not before we've officially fallen off the cliff. we are off it right now. here is where things stand right now. a bill crafted by vice president joe biden and minority leader mitch mcconnell passed in the senate by a margin of 89-8. happened just after 2:00 in the morning. the republican controlled house has agreed to consider this later this morning. but anyone's guess how this will turn out. if the house votes yes, the measure would generate 600 billion in revenues over the next ten years. how things are sized up overnight. >> i've said all along, our most important priority is protecting middle class families. this legislation does this. >> this shouldn't be the model of how we do things around here. but i think we can sigh we've done some good for the country. >> if it passes the house, here is what the plan means for you and your family. bush era tax cuts would stay in place for individuals earning less than $400,
the fiscal cliff edition of "starting point" begins right now. >> our "starting point" this morning is breaking news. the senate strikes a deal on the fiscal cliff, but not before we've officially fallen off the cliff. we are off it right now. here is where things stand right now. a bill crafted by vice president joe biden and minority leader mitch mcconnell passed in the senate by a margin of 89-8. happened just after 2:00 in the morning. the republican controlled...
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you go back to the fiscal cliff package and look at the provision that primarily deals with our friends in the hedge fund industry. >> right. >> i have a hard time believing if there was a cared interest in the sunshine for american people to see in the fiscal cliff deal, they would say, wait, we are losing how much and they are doing it for which community? i take no exception for our friends but there is such a lack and people are disgusted with congress because they have no idea what is signed until it is already in business. >> are we going to see that type of pork added to that measure as well, do you think, ron? >> well, it is hard to say, sue. speaker boehner never supported an earmark in his over 20 years in the congress. the with the way the house rules are structured, he doesn't want to have ear marks with the pork writers in there. the president said he doesn't want it negotiate dealing with this upcoming measure. so it is interesting to see what our friends in the senate do. i think people in the senate were more likely than ton put it in their measures. i think there is mor
you go back to the fiscal cliff package and look at the provision that primarily deals with our friends in the hedge fund industry. >> right. >> i have a hard time believing if there was a cared interest in the sunshine for american people to see in the fiscal cliff deal, they would say, wait, we are losing how much and they are doing it for which community? i take no exception for our friends but there is such a lack and people are disgusted with congress because they have no idea...